Lincoln Electric (LECO) PT Set at $90.00 by Barclays

Lincoln Electric (NASDAQ:LECO) has been assigned a $90.00 target price by stock analysts at Barclays in a research note issued on Friday, Marketbeat reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Barclays’ price objective indicates a potential upside of 17.11% from the stock’s previous close.

Several other brokerages also recently issued reports on LECO. BidaskClub downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Saturday, August 25th. ValuEngine downgraded shares of Lincoln Electric from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Robert W. Baird set a $85.00 price objective on shares of Lincoln Electric and gave the stock a “hold” rating in a research report on Thursday. Oppenheimer set a $105.00 price objective on shares of Lincoln Electric and gave the stock a “buy” rating in a research report on Monday, July 23rd. Finally, Gabelli raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research report on Friday. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $102.44.

Get Lincoln Electric alerts:

Shares of LECO stock traded up $0.68 during trading hours on Friday, hitting $76.85. 654,626 shares of the company were exchanged, compared to its average volume of 501,096. The company has a quick ratio of 1.94, a current ratio of 2.62 and a debt-to-equity ratio of 0.74. Lincoln Electric has a 52 week low of $75.07 and a 52 week high of $101.34. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 1.28 and a beta of 1.19.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, October 25th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.21. Lincoln Electric had a net margin of 7.40% and a return on equity of 31.57%. The company had revenue of $737.10 million during the quarter, compared to the consensus estimate of $763.42 million. On average, equities analysts expect that Lincoln Electric will post 4.73 EPS for the current year.

In related news, Director William E. Macdonald III sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $92.96, for a total value of $325,360.00. Following the completion of the transaction, the director now owns 15,307 shares of the company’s stock, valued at $1,422,938.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kathryn Jo Lincoln sold 3,140 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $94.10, for a total transaction of $295,474.00. Following the completion of the transaction, the director now directly owns 44,194 shares of the company’s stock, valued at approximately $4,158,655.40. The disclosure for this sale can be found here. 3.27% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Lincoln Electric in the second quarter valued at $1,461,000. New England Asset Management Inc. acquired a new stake in Lincoln Electric in the second quarter valued at $212,000. Carnegie Capital Asset Management LLC lifted its stake in Lincoln Electric by 2.3% in the second quarter. Carnegie Capital Asset Management LLC now owns 98,890 shares of the industrial products company’s stock valued at $9,054,000 after acquiring an additional 2,230 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Lincoln Electric in the second quarter valued at $1,334,000. Finally, Sei Investments Co. lifted its stake in Lincoln Electric by 5.4% in the second quarter. Sei Investments Co. now owns 22,902 shares of the industrial products company’s stock valued at $2,010,000 after acquiring an additional 1,175 shares during the last quarter. 70.24% of the stock is owned by institutional investors and hedge funds.